Archive for the ‘Chart School’ Category

Doc Copper Bear Market Resistance Kiss In Play!

Courtesy of Chris Kimble

Is ole Doc Copper about to ends its 9-year bear market? I suspect we will find out the answer to the question very soon!

Doc Copper has created a series of higher lows inside the falling channel (1) since it peaked back in 2011.

The rally from the lows in March of this year, has Doc Copper testing the top of its falling channel as well as a support/resistance price zone at (2).

With Doc Copper still in a bear market (lower highs for 9-years), this price test comes into play as important resistance at (2).

If Doc Copper breaks out at (2), it would send a positive message about the health of the global economy.

If Doc Copper peaks and starts selling off at (2), it would suggest that a bear market peak is in play again.

Keep a close eye on Doc Copper over the next 6-weeks as it most likely will send investors an important macro message!

To become a member of Kimble Charting Solutions, click here.





Silver Big Channel

Courtesy of Read the Ticker

silver-big-channelBig channels are the sand pit of price action. Lets review some big trends of these past months.





GLD

- Moving higher to upper solid red line channel





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GLD










XAU

- Ready to pause, or simply explode.







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XAU








SILVER

- Ready to pause, or simply explode.





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SLV






Typical, no action for years, then a few weeks of crazy!









Divider







Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.




NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”TIME is the most important factor in determining market movements and by studying the past records of the averages or individual stocks you will be able to prove for yourself that history does repeat and that by knowing the past you can tell the future. … There is a definite relation between TIME and PRICE. … Now, by a study of the TIME PERIODS and TIME CYCLES you will learn why tops and bottoms are found at certain times and why Resistance Levels are so strong at certain times and bottoms and tops hold around them. … The most money is made when fast moves and extreme fluctuations occur at the end of major cycles.” ..



William D Gann





..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..



Bernard Baruch





..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..



Warren Buffett





The minute you get away from the fundamentals – whether it’s proper technique, work ethic, or mental preparation – the bottom can fall out of your game.



Basketball Legend Michael Jordan.





..“It’s not what you own that will send you bust but what you owe.”..



Anon











Commodities Rally Runs Into Big Breakout Test

Courtesy of Chris Kimble

After a 9 year tail-spin, Commodities are starting to show life in 2020.

Precious metals have been very strong, and commodity bulls are hoping the grains (and energy) follow suit.

In today’s chart, we look at a long-term “monthly” view of the Thomson Reuters Equal Weight Commodity Index.

As you can see, the index has been in a rising channel marked by each (1) for the past 50 years. The 9-year downtrend came near channel support while retesting the 2009 lows at (2).

The rally in 2020 has commodity bulls feeling good again. The Commodity Index is now testing the 9-year downtrend line at (3).

A breakout above falling resistance would be very bullish for commodities.

A 9-year breakout test while inside of a 50-year rising channel for commodities is taking place at this time. If commodities breakout at (3), they would be suggesting that the long-term bear market is coming to an end.

This article was first written for See It Markets.com. To see the original post, CLICK HERE.

To become a member of Kimble Charting Solutions, click here.





Silver Headed Back To $50, Top Of The Cup & Handle Pattern?

Courtesy of Chris Kimble

Could Silver be creating a multi-decade bullish “Cup & Handle” pattern? Possible!

Did a retest of a handle breakout take place in March at (1), where Silver created one of the largest bullish reversals in decades? Possible!

Could Silver be creating a 40-year bullish pattern? Anything is possible! I humbly have to say share this; I’ve been in the business for 40-years and I haven’t seen anything like this.

Silver looks to have double topped back in 2011 at $50, which was the 1980 highs. After double topping, Silver lost over two-thirds of its value, as it closed below $15 several times.

During this decline, it looks possible that it formed the “handle” over a 9-year period. A breakout and then a retest of old resistance as new support took place at (1) in March, where Silver created one of the largest monthly bullish reversal patterns in decades at (1).

Following this large bullish reversal pattern at (1), Silver has blasted off of late!

Where does the next long-term resistance test for Silver come into play? The 1980 and 2011 highs at $50.

If Silver is creating a multi-decade bullish pattern, the upside target for Silver is WAY beyond the $50 level!

We update this pattern of Silver in our weekly metals report. If you would like to stay current on this pattern, you can become a metals member by signing up here. 

To become a member of Kimble Charting Solutions, click here.





Is the US Dollar Nearing Bottom? Or Is It Different This Time?

Courtesy of Chris Kimble

The U.S. Dollar ran into a perfect storm in 2020: a pandemic (Coronavirus), an easy Federal Reserve, and trillions of dollars in government stimulus.

The result has been a steep decline in the greenback.

Looking at today’s chart, however, suggests that the US Dollar may be nearing a bottom. That is if recent history proves true.

The Dollar is testing its 9-year bullish up-trend support at (1) and US Dollar bulls are disappearing. In fact, investors are the least bullish the US Dollars (20% bulls) since 2011 at (2). Notice that each time the Dollar tested support with few Dollar bulls, it rallied higher.

Time for a rally? Or will this time be different?

This article was first written for See It Markets.com. To view the original post CLICK HERE. 

To become a member of Kimble Charting Solutions, click here.





Disruption Is Good! …Nasdaq 20,000…The Seeds Are Being Planted At An Accelerating Pace.

 

Disruption Is Good! …Nasdaq 20,000…The Seeds Are Being Planted At An Accelerating Pace.

Courtesy of Howard Lindzon

If I woke up from a 2020 Coma today and you showed me a chart of the Nasdaq I would have guessed that Apple cured cancer. It turns out Eastman Kodak was hired to cure COVID.

If I woke up from a Coma today and you showed me the headlines of 2020 and asked where the Nasdaq would be I would guess 4,000.

Here are the indexes this year (I substituted Nasdaq 100 for the Nasdaq which is 90 percent of what interests me day to day and now up 27 percent year to date):

This is why I love investing. You have to go beyond the headlines and noise and position for the future.

I was very confident we would see Nasdaq 10,000 the last 5 years, but the road to get here was not smooth.

The seeds for Nasdaq 20,000 and beyond are being planted at an accelerating pace post the COVID-19 outbreak. March was horrifying and the news does not seem to be getting any better. But, the bad news does not show up in the pitch decks I am getting the last few months.

The difficulties to be faced in hiring, training, motivating and executing in a COVID-19 world are now being thought through more clearly and there is data that is encouraging some incredible people to begin again.

I mentioned a couple weeks ago on this blog that the decks and pitches I was receiving were amazingly good the last couple of months and the quality is still improving.

It makes sense to me.

Great people with great careers at great companies that have great visions would rather start fresh than work inside even the best organizations that have to deal with the hiring, training, motivating and executing (at scale) of hundreds and thousands of people.

A great salesperson, recruiter, marketer etc will look much different in a zoom world than a face to face world. People are moving and the money is now moving quickly as well.

In 1987 the adage we traders and investors thought was cool was ‘Greed…
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Valuation since the late 1990′s – win any argument with your friends!

 

Valuation since the late 1990’s – win any argument with your friends!

Courtesy of 

JPMorgan Asset Management’s new On The Minds of Investors piece takes a look at “framing”, a behavioral bias that affects our judgments about market prices. Where you choose to start counting from will have a big impact on how you feel and what arguments will appeal to you.

For instance:

What level of returns should we expect from equity markets? The answer changes depending on the time period – when investors allow an incomplete picture to influence their decisions, it is an example of framing. While it appeared the market had climbed to untenable highs post-GFC (Exhibit 1), if we take a slightly longer view, the overall market return was actually flat between 2000 and 2012. During that time period, the market had an average annual total return of 0.6% per year and a cumulative total return of 6.8% – effectively a sideways market.

JPM’s Samantha Azzarello notes that if you were simply move the frame and look at returns from March 2009-March 2020, you’d see 18.5% annually for the S&P 500, a remarkable run compressed into that 11 year period of time – the opposite of the 2000-2012 experience.

So here’s our Chart o’ the Day for today:

Josh here – beside the framing issue, which allows you to win any argument with your friends that you’d like (it’s run too far! No, it’s got room!) what I find most interesting is the wide variety of market multiples since I began investing and trading in the late 1990’s.

I’ve seen forward PE’s for the S&P 500 range from a high of 27 early in my career to a low of 10! Which tells you that even if you could guess at the earnings of the market a year ahead of time, it would be impossible to figure out exactly what price multiple your fellow investors will put on that earnings number through the process of their buying and selling. And it’s not as though you could actually guess the earnings number anyway.

So now imagine how hard it is to calculate a year-end forecast, with those two variables sloshing around all year, one based on changing fundamentals and the other based on changing sentiment. Cannot be done!

Source:

Framing: How do investors interpret equity market returns over time? (JPMorgan Asset Management) 

 





RTT browsing latest..

Courtesy of Read the Ticker

rtt-browsing-latestPlease review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.

Date Found: Sunday, 29 March 2020, 07:00:37 PM

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Comment:
Silver Shorts Are In a Bind | Ted Butler youtu.be/qQc0AoJp-Q8

Date Found: Monday, 30 March 2020, 05:21:45 PM

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Comment:
5 Questions From You for Luke Gromen youtu.be/nVZD_fuxbQE

Date Found: Tuesday, 31 March 2020, 01:04:46 AM

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Comment:
China PMI recover (hick up)

Date Found: Wednesday, 01 April 2020, 05:41:05 AM

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Comment:
Do you believe the FED printing can save the market, insiders do!

Date Found: Wednesday, 01 April 2020, 05:18:03 PM

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Comment:
Value zone – DOW 15000

Date Found: Thursday, 02 April 2020, 09:55:07 PM

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Comment:
The TOP better not be in then, massive money printing required to avoid a slump

Date Found: Thursday, 02 April 2020, 10:13:35 PM

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Comment:
David Hunter speaks about the gold market 3/16/2020 youtu.be/RC9vORsiduI

Date Found: Friday, 03 April 2020, 05:25:11 AM

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Comment:
Petro dollar is broken …

Date Found: Sunday, 05 April 2020, 05:23:25 AM

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Comment:
What has there been a switch, 3 card monty play

Date Found: Wednesday, 08 April 2020, 08:11:56 AM

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Comment:
Max Keiser explains why only gold, silver and bitcoin can save you now youtu.be/oB5nrbe5YNM

Date Found: Sunday, 12 April 2020, 01:57:33 AM

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Here’s How To Buy The Top Stocks In The Hottest Sectors During The Covid Crisis

Courtesy of Chris Kimble

Tech has been the place to be during the Covid-19 crisis. Investors Business Daily recently highlighted how one can own the strongest of the strong by just owning one ETF (See article here).

This chart looks at the Dorsey Wright Focus Five index ETF (FV), which reflects that it is attempting a bullish breakout while creating higher lows over the past 6-years.

The $2.1 billion fund tracks the Dorsey Wright Focus Five Index, which provides access to five First Trust sector and industry ETFs. Dorsey Wright & Associates selects the funds based on relative price momentum, then weights the components equally. It could be termed a fund of funds.

Full Disclosure; One of the top 5 holdings of this ETF is FDN (Internet ETF) is currently owned by members, due to an upside breakout back in May.

FV is testing a very bullish breakout level this week. If FV breaks above line (1), look for upside momentum to continue for the strongest of the strong!

To become a member of Kimble Charting Solutions, click here.





Gold Could Be Forming A 9-Year Bullish Cupping Pattern, Says Joe Friday!

Courtesy of Chris Kimble

Is Gold forming another long-term bullish cupping pattern? Sure could be!

Is the long-term pattern complete? If history is a guide, it would suggest not yet.

When gold attempted to break above its 1980 highs, it first needed to form a “handle.” It did so by declining around 30%, which most likely shook out a good deal of gold traders, thinking that a double top was forming.

Gold is currently testing its 2011 highs at (2), where it looks to be forming a bullish cupping pattern over the past 9-years.

Joe Friday Just The Facts Ma’am; Gold is attempting to breakout above the 2011 highs and sends a very bullish message. If history is a guide, it is possible that a handle needs to form first.

To become a member of Kimble Charting Solutions, click here.





 
 
 

Zero Hedge

University Of Georgia Suggests "Wearing A Face Mask" During Sex

Courtesy of ZeroHedge View original post here.

Just when you thought all universities were good for was churning out uninformed Marxists, the University of Georgia breaks that stigma by offering up some groundbreaking sexual health advice in the midst of the coronavirus pandemic. 

The University had written a section called "Covid-19 Considerations" on its University Health Center website several days ago, but the document was pulled down after the university was subjected to ridicule for its content, which actually suggested "wearing a face mask during sex."

...

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Phil's Favorites

Before Kamala Harris became Biden's running mate, Shirley Chisholm and other Black women aimed for the White House

 

Before Kamala Harris became Biden's running mate, Shirley Chisholm and other Black women aimed for the White House

Kamala Harris, a U.S. senator from California, endorsed Joe Biden for president in March. Now she is his vice presidential nominee. Jeff Kowalsky/AFP via Getty Images

Courtesy of Sharon Austin, University of Florida

U.S. Sen. Kamala Harris, the ...



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Biotech/COVID-19

Trillions in coronavirus spending is putting AOC's favorite economic theory to the test

 

Trillions in coronavirus spending is putting AOC's favorite economic theory to the test

The Fed can create all the money Uncle Sam needs. GeorgePeters/Getty Images

Courtesy of Steven Pressman, Colorado State University

French philosopher Voltaire famously quipped: “If God did not exist, it would be necessary to invent him.” Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy’s only hope to get through the pandemic.

Coined by Australia...



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ValueWalk

Clem Chambers Explains How ADVFN Became A Financial Information Juggernaut

By Jacob Wolinsky. Originally published at ValueWalk.

Clem Chambers, the CEO of ADVFN and the CEO of Online Blockchain plc was kind enough to talk with Valuewalk about the success of his investment website. Below is a lightly edited Q&A between Clem and our editor.

Q2 2020 hedge fund letters, conferences and more

Can you tell us about your background?

I started in the software industry over thirty-six years ago and was a pioneer of computer games, massively multiplayer games, multimedia and the internet. I founded internet company Online plc in 1990, which incubated stocks and shares (and now ...



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Kimble Charting Solutions

Doc Copper Bear Market Resistance Kiss In Play!

Courtesy of Chris Kimble

Is ole Doc Copper about to ends its 9-year bear market? I suspect we will find out the answer to the question very soon!

Doc Copper has created a series of higher lows inside the falling channel (1) since it peaked back in 2011.

The rally from the lows in March of this year, has Doc Copper testing the top of its falling channel as well as a support/resistance price zone at (2).

With Doc Copper still in a bear market (lower highs for 9-years), this price test comes into play as important resistance at (2).

If Doc Copper breaks out at (2), it would send...



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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


Click for popup. Clear your browser cache if image is not showing.






XAU
- Ready to pause, or simply explode.



Click for popup. Clear your browser cache if image is not showing.





SILVER
- Ready to pause, or simply explode.


Click for popup. Clear your browser cache if image i...



more from Chart School

The Technical Traders

Melt-Up Continues While Metals Warn of Risks

Courtesy of Technical Traders

What a week for Metals and the markets, folks. The Transportation Index is up nearly 4% for the week.  The Dow Jones Industrial Average is up over 3% for the week.  Silver is up over 14% and reached a peak near $30 (over 23%).  Gold is up over 2.5% and trading above $2025 right now – with a peak price level near $2090.  If you were not paying attention this week, there were some really big moves taking place.

MELT-UP WITH HIGH RISKS – PAY ATTENTION

Overall, our research team believes the current “melt-up” price action is likely to continue as global investors continue to believe the US Fed will do everything possible to save the...



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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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